Mexico's Pemex approves second joint venture in two Gulf fields

MEXICO CITY Oct 18 (Reuters) - The board of Mexican state
oil company Pemex approved a joint venture for two shallow water
fields in the Gulf of Mexico, the firm said on Tuesday, marking
the second time the company will seek partners to boost
declining crude oil output.

The joint venture will cover Pemex's Ayin and Batsil fields
off the coast of Campeche state, which contain 46 million
barrels of oil equivalent in proven reserves.

Pemex's partner in the shallow water joint venture could be
announced in March 2017, the company said.
(Reporting by Adriana Barrea and David Alire Garcia)